by Kikapu » Sat Jun 24, 2006 10:33 pm
I do not know all the ins and outs regarding this property commission and the ECHR, but, if it's for the Greek Cypriots to take their cases to court, to try to claim their property or compensation for their property, and these courts are based in the TRNC, then I have some bad news for the plaintiffs ( GC's ), if the defendants is going to be the TRNC.
First of all, it will take years to get through all the cases, and lets just say for the sake of argument, that every plaitiff wins their cases in the courts and they have been awarded cash for their properties. As hard as those years may have been to the plaintiffs, for having to run around here and there and paying up front money to their lawyers which may run in the thousands of ££££££'s, that will be easy compared to try and collect the money. Once the courts made the awards, it will be up to the plaintiffs to try and collect the money, which would mean more lawyers and more out of pocket ££££'s. How do they expect to collect anything from the TRNC when they don't have very much them selves. As the saying goes, "you can't get blood from a turnip", just turnip juice.!!!
So the plaintiffs will be stuck with just a judgment in their hands and no way to collect. In the meantime, the TRNC will consider all the cases settled and will move ahead of using the GC's former property as it pleases, since it is leagally no longer GC's property, ie, sell it, build on it, or just leave it for future development. As years go by and the plaitiffs become more restless, they may settle on much, much less than the original amount. TRNC may also want to declare bankruptcy, since their debts will be many many times more than what they have in reserve, which means no body will get a penny. TRNC is not even recognized and they don't even have a IMF (International Monetary Fund) agreement with anyone, so they don't have any ratings to worry about by defaulting on their loan. I don't even think these courts could be held in Turkey, since Turkey will just declare, they are in Cyprus under the constitutional agreement to intercept any illegal activities in Cyprus, which was given to them in 1974.
I'll be interested if anyone could shed some light on the above statements possibly happening.